# Cyngn Inc. (CYN)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $6M  
**Price:** $1.25 (-1.18%)

> Cyngn Inc. is an autonomous vehicle technology company that develops and deploys self-driving software solutions for industrial material handling operations. The company's primary product, DriveMod, is a modular autonomous driving platform that powers industrial vehicles including tuggers capable of hauling up to 12,000 pounds and forklifts designed to handle non-standard pallets. Cyngn serves customers across logistics, distribution, manufacturing, construction, heavy industry, and mining sectors, addressing operational challenges such as labor shortages and safety concerns. The company's technology stack includes the Enterprise Autonomy Suite, which comprises DriveMod for vehicle automation, Cyngn Insight for fleet monitoring and data management, and Cyngn Evolve, an internal infrastructure for artificial intelligence and machine learning model enhancement. Cyngn's solutions emphasize ease of deployment and operational safety through advanced collision avoidance systems. Founded in 2013 and headquartered in Mountain View, California, Cyngn operates as a public company traded on the NASDAQ, offering investors exposure to the rapidly expanding industrial autonomous vehicle sector.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $218,976 | $83,227 | -$26M | -$23M | — |
| 2024 | $368,138 | -$167,570 | -$23M | -$33M | — |
| 2023 | $1M | $266,996 | -$23M | -$23M | — |
| 2022 | $262,000 | $75,177 | -$19M | -$19M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $50M | $11M | $39M | $990,023 | — |
| 2024 | $30M | $31M | -$1M | $24M | — |
| 2023 | $13M | $2M | $11M | $4M | — |
| 2022 | $26M | $1M | $24M | $11M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$24M | $1M | -$25M |
| 2024 | -$19M | $1M | -$20M |
| 2023 | -$19M | $1M | -$21M |
| 2022 | -$16M | $918,318 | -$17M |
| 2021 | -$9M | — | — |
| 2020 | -$8M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/CYN)